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Troax Group AB: Annual Report for 2019, change of date for the AGM 2020 and information about the situation related to the corona virus

Press release, Hillerstorp March 25, 2020, 13:30 CET

 

Troax Group AB's Annual Report for 2018 is now available in Swedish on www.troax.com. The annual report will only be published in digital form, but anyone wishing to receive the annual report in printed version can request this by sending an email to ir@troax.com. Information about the Troax business including comments from the CEO that in previous years has been presented in the annual report's front end is this year only presented in digital format and can be viewed on the company's website under the heading "Financial reports".

 

A PDF version is enclosed to this press release.

An English version of the Annual Report will be published on www.troax.com week 16.

 

Regarding effects related to the corona virus, it is considered that due to the changing situation, it is not possible to predict the duration or extent of the health crisis and therefore not the full potential impact on Troax's operations. Troax has taken steps to ensure the health and safety of its employees, and the spread of the corona virus has not yet caused any major disruption to the business. Today, government decisions have been made which mean that the factories in England and the US will be closed for a couple of weeks as part of trying to stop the spread of the corona virus. The situation is developing rapidly, and the assessment is that there is a risk that the outbreak of the corona virus may have a negative financial impact during 2020.

The Board of Directors' proposal for a dividend in the annual report for 2019 is justified by Troax's strong capital position and solid financial results. However, due to the corona virus, there is an exceptional market situation and an extremely difficult situation. The board of Troax Group AB (publ) has decided to postpone the company's annual general meeting to Thursday, June 25th at 3 pm on the company's premises due to the situation with the corona virus. The previously announced Board decision to propose to the AGM a dividend of EUR 0.19 per share remains fixed until further notice. However, the Board evaluates the development of the situation on an ongoing basis and based on the situation at the time of the meeting, the proposal may change. As a result of the date of the Meeting being moved, shareholders who wish to have a matter dealt with at the Meeting have the opportunity to submit such a proposal to the Chairman of the Board until 7 May 2020; Troax Group AB Att: Annual General Meeting, Box 89, 335 04 Hillerstorp.

Notice of the Annual General Meeting will be published no later than May 28, 2020.
 

For additional information, please contact:

Thomas Widstrand, President and CEO

 

This information is information that Troax Group AB is obliged to make public pursuant to the Securities Markets Act (2007:528). The information was submitted for publication at 13:30 CET on March 25th, 2020.

 

 

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